Trend of Rental Yield in Orleans Parish, Louisiana

Gavop is a real estate, housing & local data & analytics service. We get data from public sources such as the census bureau & private databases. Our data can be used by real estate and organizations to get further insights into local market dynamics. We analyzed rental yield trends from 2009 and 2015 for all counties in the U.S. Rental yields are impacted by factors such as home location, home facilities, employment opportunities, strata levies, and council rates

The key elements in the research are

1. Median Gross Rent
2. Median Home Value

 

Our key findings

• % Change Population: Orleans Parish out performed than Louisiana by 9.8
• % Change Population: Orleans Parish out performed than US by 9.6
• CAGR Population: Orleans Parish out performed than state by 1.5
• CAGR Population: Orleans Parish out performed than US by 1.5
• % Change Median Gross Rent: Orleans Parish under performed than Louisiana by -4.0
• % Change Median Gross Rent: Orleans Parish under performed than US by -0.6
• CAGR Median Gross Rent: Orleans Parish under performed than state by -0.5
• CAGR Median Gross Rent: Orleans Parish under performed than US by 0.0
• % Change Home Value: Orleans Parish under performed than Louisiana by -8.7
• % Change Home Value: Orleans Parish out performed than US by 13.7
• CAGR Home Value: Orleans Parish under performed than state by -1.3
• CAGR Home Value: Orleans Parish out performed than US by 2.2
• % Change Rental Yield: Orleans Parish out performed than Louisiana by 4.2
• % Change Rental Yield: Orleans Parish under performed than US by -15.3
• CAGR Rental Yield: Orleans Parish out performed than state by 0.7
• CAGR Rental Yield: Orleans Parish under performed than US by -2.4

County	Orleans Parish
Population 2015	376,738
Population 2009	328,669
Population % change	14.6
Population change rank compared to US	164
Population change rank compared to Louisiana	3
Median Gross Rent 2015	924
Median Gross Rent 2009	818
Median Gross Rent % change	13.0
Median Gross Rent change rank compared to US	1,805
Median Gross Rent change rank compared to Louisiana	42
Home Value 2015	192,400
Home Value 2009	174,800
Home Value % change	10.1
Home Value change rank compared to US	1,323
Home Value change rank compared to Louisiana	43
Rental Yield 2015	5.8
Rental Yield 2009	5.6
Rental Yield % change	2.6
Rental Yield change rank compared to US	2,026
Rental Yield change rank compared to Louisiana	35